Tech
Apple raises iPhone trade-in value in China amid demand concerns, rising competition
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Apple has increased the discount that buyers in China can get on a new iPhone on trading in their older ones to spur demand in the key market.
According to a statement on its website, Apple is offering trade-in discounts in the range of 1,325 yuan ($184) for iPhone 12 to Rs 5,700 yuan ($790) for iPhone 15 Pro Max. The extra credit can be availed till June 18.
The trade-in promotion comes months after Apple offered up to 500 yuan ($69) discount on the iPhone 16 Pro in January during the Lunar New Year shopping season.
The latest offer comes as Apple’s…
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